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Coinbase acquires Opyn team in 2025; Ribbon, Lyra, Dopex rebrand
Options protocols update
Opyn -> Got hit with a fine in 2023 for unregistered derivatives trading and was pretty much dead until Coinbase acqui-hired the team in 2025.
Ribbon -> Rebranded to Aevo in 2023 and pivoted.
Lyra -> Rebranded as Derive.
Dopex -> Rebranded as Stryke.
If you’re curious about the businesses they used to run, you can check out a piece I wrote earlier..
